Photo: Canada Beef

Klassen: Buyers tasting feeder cattle prices for fall run

For the week ending July 2, Western Canadian yearling prices were steady to $5 higher compared to seven days earlier for larger packages. Small groups of 800-pound-plus cattle were $10 to $15 discounted to pen-sized lots. Calf markets were relatively unchanged from the prior week, although volume was limited. There is significant open demand for yearlings and finishing feedlot operators are watching how prices develop.  



Photo: Canada Beef

Maritime beef producers get price protection

Two-year pilot gives Maritime producers an equivalent program to the rest of the country

Producers in New Brunswick and Prince Edward Island, and soon Nova Scotia, will have access to a program that will allow them to purchase insurance on price protection for their beef cattle in case of an unforeseen market disruption.

Pigs.

U.S. livestock: CME hogs rally after contract lows; cattle futures jump

Chicago | Reuters – Lean hog futures rallied at the Chicago Mercantile Exchange on Friday after falling earlier to contract lows under pressure from increased U.S. production. Cattle futures also climbed. A rise in wholesale prices for U.S. pork helped trigger the turnaround in hogs, analysts said. The U.S. Department of Agriculture priced the pork carcass cutout


To defer income under LTD, the breeding herd must have been reduced by at least 15 per cent.  Photo: Canada Beef

Feds announce early livestock tax deferral

Livestock producers in drought-affected areas are getting and early livestock tax deferral (LTD) for the 2024 season. The federal government said the situation has become more challenging for producers due to climate change, when announcing a list of regions eligible for the deferral on June 14. The LTD allows producers in designated areas, who were



Photo: File

Cattle producers wary of grasslands conservation proposal

Glacier FarmMedia – Saskatchewan Stock Growers Association members want the Canadian Cattle Association to press pause on its Grasslands Conservation Initiative until it can better communicate its plan. Several resolutions about the initiative were debated during the SSGA annual meeting June 11 and while some were defeated members did approve one calling on CCA to




Jodie Griffin, program coordinator for the Livestock Price Insurance program, presents at the SSGA AGM.  Photo: Melissa Jeffers-Bezan

Livestock Price Insurance coming to maritime producers

At the Saskatchewan Stock Growers Association (SSGA) conference on June 10 in Swift Current, Sask., Canadian Cattle Association (CCA) vice president Tyler Fulton highlighted the expansion of Livestock Price Insurance, which will be available to producers in Eastern Canada. Initially announced in February, the expansion will finally come into effect sometime this week. “It’s something